Human Resources Classified Staff
Policy and Procedures

TAX-DEFERRED PROGRAMS

Regular Classified Staff employees are eligible to purchase tax-deferred programs as a means of increasing retirement income. An employee may voluntarily sign a salary reduction agreement which results in a reduction of salary and the allocation of such reduction to the purchase of a tax-deferred product/program from a vendor selected from among those designated by the University. The amount of the salary reduction is excluded from currently taxable income.

The amount of salary that may be reduced and placed in a tax-deferred program is determined each year by the employee's rate of pay and years of University service it is the responsibility of each employee who elects a salary reduction to determine the maximum amount which can be excluded from taxable income as set forth in applicable IRS codes

Classified Staff employees who desire additional information should inquire at the Benefits Unit in Human Resources.

SOCIAL SECURITY

Classified Staff employees of the University, including resident and non-resident aliens, are required to have a valid Social Security number and to contribute to the Social Security System.

Social Security contributions are deducted from each paycheck at a rate fixed by Congress. An equal sum is contributed to each employee's account by the University. Both the rate and the taxable wage base change periodically as specified by federal statutes.

SERVlCES TO BENEFICIARIES

Spouses, relatives, or executors of the estates of active or retired deceased Classified Staff employees of the University are entitled to assistance from the University in the settlement of the deceased employee's retirement and insurance benefits.

DECEASED CLASSIFIED STAFF EMPLOYEES

The deceased employee's department head shall notify the Benefits Unit of Human Resources of the name of the deceased employee, date of death, and other pertinent data.

If the death occurred on University property, or while performing work for the University, the department head shall notify the University Police Department immediately.

CREDIT UNIONS

Classified Staff employees of the University are eligible to apply for membership in the VantageWest Credit Union and/or the Arizona State Employee's Credit Union. Credit union members may have deposits and/or loan payments deducted from their pay and sent directly to the respective credit union. Other financial services are available through the credit unions.